↑ HIVE Coin Boom: Massive Growth and Prospective Expansion Amid Bitcoin's Slump
HIVE Digital Technologies has reported a substantial surging in mining capacity, reaching a 283% growth with prospects of hitting 25 EH/s by...
HIVE Digital Technologies is continuing its rapid expansion in both artificial intelligence (AI) and Bitcoin operations. The firm's mining capacity has seen a whopping 283% growth, making a significant stride towards reaching 25 EH/s by Thanksgiving. This has placed HIVE at roughly 2% of the Global Bitcoin Network, mining 9 BTC daily, exceeding 20 EH/s, and producing a record 247 BTC. The firm’s Bitcoin and AI demand have resulted in its stock surging by 8%.
In the face of Bitcoin's sell-off, HIVE is successfully riding two compelling trends: Bitcoin and AI HPC demand. The company has scaled its Bitcoin mining and AI infrastructure in Paraguay, hitting a 2025 record for Bitcoin production. Despite the price of Bitcoin falling below 90K, HIVE Digital posted a gigantic 285% growth, pulling ahead with AI. HIVE became one of the top Bitcoin stocks to buy according to billionaires, with HIVE’s Frank Holmes believing that ongoing money printing will make Bitcoin increasingly valuable.
HIVE is further driving its Bitcoin mining output, increasing it by 22% in August. It is planning to reach 3% of global Bitcoin production by Thanksgiving, and even acquired 32.5 acres for a Tier III+ HPC site intended for 25,000 GPUs. HIVE's aim is to scale its hashrate to 21 EH/s with its Paraguay expansion while concurrently expanding into the green AI and Bitcoin focus in Colombia. The company's strategy leverages a 100MW hydroelectric expansion in Paraguay for Bitcoin mining. With these actions, HIVE anticipates 317% BTC production capacity growth.
However, a bearish perspective comes from retail investors who held steady for Q3 earnings. Yet, bullish indicators are strong with record $87 million quarterly revenue and HIVE's significant investments and expansion strategies, laying the foundation for potential future growth.
HIVE Coin News Analytics from Mon, 26 Mar 2018 07:00:00 GMT to Sat, 10 Jan 2026 13:00:00 GMT - Rating 6 - Innovation 7 - Information 7 - Rumor -3
